Choosing a Roth IRA can be tough -- especially when you're just starting out. Read Next: 8 Frugal Habits Americans Are ...

My good friend Bob from Munster had a question I thought merited visiting in the column. Bob’s question involved a topic we are dealing with more and more often in ...

Roth IRAs are tax-free. Traditional IRAs are tax-deferred. Understanding the ramifications of tax-free versus tax-deferred in ...

New tariffs could increase prices and shake the markets. Here’s what retirees need to know about Roth conversions, big ...

Converting now would enable you to spread a possible tax hit over more than one payment while reducing future taxes.

One nice thing about Roth IRAs, as opposed to traditional IRAs, is that you're not forced to take required minimum ...

College is more than lectures and late-night study sessions—it’s your first real test in managing life on your own. Between ...

Dear Savvy Senior, What can you tell me about spousal IRAs? My spouse and I are in our 50s and are looking for ways to boost ...

Contributions are capped and adjusted annually. The limit for IRA contributions, including to a Roth, is $7,000 in 2025, with an additional $1,000 as a catch-up contribution for those 50 or older.

Opening a Roth IRA for a teen is easier than most people think. Many brokerage firms offer custodial Roth IRAs, meaning a parent manages the account until the child turns 18 or 21 (depending on ...

However, if you have extra cash, it would be remiss to not consider opening a Roth IRA. A 25-year-old who invests $1,000 a year—$83 a month—into their account could have $200,000 in tax-free ...

Contribution limits. There’s no limit on how much money you can put into a taxable brokerage account, but Roth IRAs have maximum annual contributions. For 2025, the maximum contribution you can ...